The world of blockchain gaming is abuzz with the announcement that Beam Ventures is launching a groundbreaking $150 million fund to transform Abu Dhabi into a global gaming hub. This ambitious initiative includes a web3 gaming accelerator, support for startups in emerging technologies like AI, VR, and AR, and strong collaborations with local partners. Let’s explore what this fund means for blockchain games and the wider gaming ecosystem.
Beam Ventures' Vision: A $150 Million Gaming Revolution
Beam Ventures’ $150 million fund is the first gaming-focused fund from the Abu Dhabi Global Market (ADGM). Its purpose is clear: to attract top talent, support innovative startups, and position Abu Dhabi as a leader in gaming excellence.
Applications for the fund’s web3 gaming accelerator will open in early 2025. This program will provide mentorship, resources, and networking opportunities to early-stage companies, fostering innovation in blockchain gaming and other cutting-edge sectors. Whether founders choose to join in person or remotely, Beam Ventures is ensuring accessibility for global talent.
Building on Abu Dhabi's Gaming Momentum
Abu Dhabi is already making waves in gaming with large-scale esports tournaments and summits. Beam Ventures aims to amplify this momentum by creating a vibrant gaming ecosystem in partnership with local innovators like Sophon and Aethir Cloud.
Mark Borsten, Chief Strategy Officer at Beam Ventures, encapsulates the vision: “We’re convinced that Abu Dhabi is set to be the epicenter of the world’s most exciting, pioneering tech and gaming innovation for years and decades to come.”
The Accelerator: A Game-Changer for Startups
The web3 gaming accelerator is designed to nurture startups in blockchain, AI, and gaming. Founders can expect tailored mentorship, cutting-edge resources, and unparalleled opportunities to connect with industry leaders. By fostering innovation, Beam Ventures is laying the foundation for a thriving ecosystem of blockchain games.
Learn more about blockchain games and how they are shaping the future of gaming.
Saeed Al Fazari, Strategic Affairs Executive Director at the Department of Culture and Tourism, highlights the broader impact: “This fund is another step forward in ensuring Abu Dhabi becomes a global hub for gaming excellence and innovation.”
Beam's Multi-Pronged Approach to Innovation
Beam Ventures didn’t stop at announcing the fund; they unveiled three additional projects poised to transform gaming and blockchain technologies:
1. BeamAI: Self-Learning AI Agents
BeamAI, the company’s new AI division, is led by an Oxford-trained mathematician. This initiative focuses on creating self-learning AI agents capable of automating operations. With its first research paper due next week, BeamAI promises tools that could redefine efficiency and scalability for businesses.
2. Beam L1: Affordable Blockchain Upgrades
The Beam L1 project aims to make blockchain technology more accessible. Leveraging the Avalanche Etna upgrade, Beam Ventures is reducing the cost of launching a Layer 1 blockchain by 99.9% and cutting fees on Avalanche’s C-Chain by 96%. These improvements will enhance network speed, reduce costs, and improve compatibility with other ecosystems.
3. Beam Nodes: Strengthening the Ecosystem
To bolster its network, Beam Ventures is introducing a grant program for validators. This initiative will attract developers, enhance scalability, and fortify security within the Beam ecosystem. Details remain limited, but the potential impact on the network’s growth is significant.
The Beam Ecosystem: Powering Blockchain Games
Originally a gaming subnet created by Merit Circle DAO, Beam has evolved into a comprehensive ecosystem tailored to blockchain games. Its toolkit includes APIs, wallets, bridges, and analytics—all optimized for game-heavy workloads. By ensuring low fees and smooth transactions, Beam is empowering builders and players alike.
For Players
Beam powers immersive experiences in games like Trial Xtreme, Walker World, and Hash Rush, all operating on the Avalanche Subnet. Features like play-to-earn and true asset ownership enhance player engagement and offer tangible rewards.
For Builders
Game developers benefit from Beam’s robust infrastructure, tools, and funding. The platform’s seamless integration of blockchain and gaming creates endless opportunities for innovation.
Explore how blockchain games combine entertainment with cutting-edge technology.
What's Next for Beam Ventures?
The future looks bright for Beam Ventures and Abu Dhabi’s gaming scene. Here’s what to expect:
Applications Open in 2025: The web3 gaming accelerator will start accepting applications.
AI Innovations: BeamAI’s first research paper will unveil new advancements in self-learning AI.
Enhanced Blockchain Infrastructure: Beam’s upgrades will make its blockchain faster, cheaper, and more scalable.
These initiatives place Abu Dhabi firmly in the spotlight as a hub for gaming innovation and blockchain technology.
Final Thoughts: Beam Ventures Leads the Way
Beam Ventures’ $150 million fund is more than an investment; it’s a statement of intent. By fostering innovation in blockchain games, AI, and VR/AR, Beam is positioning Abu Dhabi as a global leader in gaming. With the launch of its web3 gaming accelerator and partnerships with key players, the future of gaming innovation looks more exciting than ever.
Stay ahead of the curve with updates on blockchain games and their role in the evolving gaming landscape.
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